Toncoin Soars on UAE $100K Staking Golden Visa Plan
Toncoin rallied over 12% within hours to reach a 19-day high after the TON Foundation partnered with the UAE to launch a $100,000 staking Golden Visa program. Investors who stake $100,000 worth of TON tokens for three years and pay a $35,000 processing fee can obtain a 10-year residency visa. The on-chain staking, managed by a decentralized smart contract on the TON blockchain, yields an estimated 3–4% APY.
The visa scheme removes real estate and income requirements and extends coverage to spouses, children, and parents at no extra cost, with approval in as little as seven weeks. Following the announcement, Toncoin briefly topped $3.00 before retracing to around $2.93, highlighting resistance near the $3.00 level. Key support zones between $2.70–$2.80 and $2.50 have held since April, limiting downside risk.
Volume indicators like the Chaikin Money Flow and Accumulation/Distribution line show uneven demand, while historical metrics such as Coin Days Destroyed point to weak selling pressure since May. Traders view the UAE Golden Visa incentive as a bullish catalyst for Toncoin adoption and price momentum, with potential long entries above $3.00.
Bullish
The launch of the UAE Golden Visa staking program is likely bullish for Toncoin. In the short term, the announcement drove a rapid 12% price surge to a 19-day high near $3.00, as investors rushed to meet the $100,000 stake requirement and secure the 10-year residency benefit. Technical indicators show resistance at $3.00 but strong support between $2.70–$2.80, suggesting limited downside and potential breakout if Toncoin reclaims $3.00 as support.
Over the longer term, the on-chain staking mechanism with 3–4% APY and family coverage at no extra cost should boost network demand and lock up supply for three years, reinforcing price stability and upward momentum. Historical metrics like weak selling pressure in Coin Days Destroyed further support a bullish outlook as the visa incentive attracts both retail and institutional participants.